Finance
New private equity vehicle aims to spur consolidation among Japan’s midsize firms
The fund established by Advantage Partners is one of the largest funds ever launched by a Japanese private equity firm. (Nikkei montage/Source photos by Rie Ishii and Taizo Wada)
TOKYO — Japanese corporate acquisition firm Advantage Partners has launched a 300 billion yen (approximately $1.8 billion) buyout fund, Nikkei has learned. Advantage aims to use the fund, one of the largest from a Japanese private equity firm, to drive the restructuring of Japanese industries by spinning off non-core businesses from domestic companies and taking midsize companies private.